Market & Industry
11 companies including FAW, Tencent, Alibaba set up RMB9.76 bln fund for NEV car-sharing business
11 companies including FAW, Tencent, Alibaba set up RMB9.76 bln fund for NEV car-sharing business

Changan Automobile announced on March 22 that it has signed an agreement in Nanjing with ten companies including Suning, FAW Group, Dongfeng Motor, Tencent and Alibaba, etc., to build a joint venture that focuses on NEV-based car-sharing businesses.

Mar. 22 , 2019
BYD takes wrap off all-new “e” series focusing on new smart mobility life
BYD takes wrap off all-new “e” series focusing on new smart mobility life

On March 21, Chinese automaker BYD officially launched the all-new “e” product series, which will be operated parallel with the “Dynasty” series.

Mar. 21 , 2019
Geely Auto posts 18% year-on-year growth in 2018 net profit
Geely Auto posts 18% year-on-year growth in 2018 net profit

Geely Automobile Holdings Limited reported on March 21 that its annual revenues in 2018 grew 15% year on year to RMB106.6 billion and the full-year net profits attributed to shareholders jumped 18 % over a year ago to RMB12.55 billion.

Mar. 21 , 2019
New Geely Emgrand GL to be powered by 1.5T 3-cylinder engine
New Geely Emgrand GL to be powered by 1.5T 3-cylinder engine

The Geely Emgrand GL is a popular sedan model whose monthly sales frequently exceeded 10,000 units in 2018. Now, the automaker is going to launch a new version of the sedan with a stronger engine power.

Mar. 20 , 2019
NIO not to change price even though VAT is dropped
NIO not to change price even though VAT is dropped

NIO, a startup who targets premium EV market, said on March 19 that it won’t change the current prices as other luxury auto makers did.

Mar. 19 , 2019
BMW Brilliance said to ramp up capacity for locally-produced BMW X5
BMW Brilliance said to ramp up capacity for locally-produced BMW X5

BMW Brilliance Automotive Ltd is about to ramp up production capacity by 240,000 vehicles per year for its Dadong plant located in Shenyang, capital of China’s Liaoning Province, according to a Chinese media outlet.

Mar. 19 , 2019